5721-5729 2nd St, Old Katy District | 5721-5729 2nd St
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5721-5729 2nd St, Old Katy District 5721-5729 2nd St
3,600 SF 100% Leased Retail Building Katy, TX 77493 $980,000 ($272/SF) 6.95% Cap Rate
Investment Highlights
- Historic Downtown Katy square
- Next to City Hall
- 100% Leased, One space may be available for owner occupancy in March 2025
Executive Summary
Prime retail location in the heart of downtown Katy! The 3,600 sq ft building is made of concrete cinder blocks that has been subdivided into 3 different spaces. The first space is approximately 900 sq ft and is leased out until March 2029. The second and third space is approximately 2,700 sq ft and will be available for owner occupancy in March 2025. Katy is a vibrant city that boasts a growing population, excellent schools, and a strong sense of community.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,600 SF
Year Built
1955
Price
$980,000
Price Per SF
$272
Cap Rate
6.95%
NOI
$68,110
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.50
Land Acres
0.17 AC
Zoning
OKD-Commercial - OKD-Old Katy District-Please see attached document on permitted businesses.
Frontage
Amenities
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0220050000012 | Total Assessment | $187,733 |
| Land Assessment | $75,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $112,733 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
0220050000012
Land Assessment
$75,000
Improvements Assessment
$112,733
Total Assessment
$187,733
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
-
Tammy Kirk -
The Jamie McMartin Group
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5721-5729 2nd St, Old Katy District | 5721-5729 2nd St
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